Savarese Elected Chair of the American Bankers Association

dorothyORLEANS – Cape Cod Five President and CEO Dorothy Savarese has been elected chairman of the American Bankers Association for the 2016-2017 association year.

During her one year volunteer tenure as ABA chairman, she will continue to be based on Cape Cod and carry out her normal duties with Cape Cod Five.

The Association is the voice of the nation’s $16 trillion banking industry, which is composed of small, regional and large banks that employ more than two million people and extend more than $8 trillion in loans.

“Banks play such an important role in driving our economy and creating strong communities for our customers,” said Savarese. “It is a great privilege to be elected ABA chairman and serve the men and women who support and depend on America’s banks.”

Savarese has held a number of leadership positions within the industry, previously serving as chairman of the Massachusetts Banking Association.

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